Equiteq, the B2B services sector M&A specialist, is pleased to announce the sale of strategy management consultancy, ShiftIN Partners, to Sia Partners. Equiteq acted as exclusive financial advisor to ShiftIN Partners.
Founded in 2012, ShiftIN Partners is a strategy management consultancy that has gained a strong position in the Middle East. It has achieved rapid growth since its inception and established a strong client base of more than 50 blue-chip clients across the GCC countries in both the private and public sectors. Its core practices include strategic insight & innovation, strategy implementation and business transformation.
Sia Partners is a leading global management consulting firm that serves a range of industries: energy and utilities, banking, insurance, transportation, industry and retail, telecommunications, and government. Sia Partners has a team of more than 950 professional across 15 countries (Europe, North America, Asia, Middle-East and North Africa).
Matthew Courtecuisse, Founder and CEO of Sia Partners, said: “The combination of ShiftIN Partners with our business units in the Middle East will create a major regional player in the industry, with strong synergies in terms of service offerings, business development and delivery.”
Talking about the benefits expected from the merger, Amancio Torres, Co-Founder and CEO of ShiftIN Partners, remarks: “We are convinced that joining forces with Sia Partners and their teams in the region will catapult the integrated entities to a leading position in the Middle East. The alignment of strategy and corporate culture and the combination of our respective strengths will create a powerful development dynamic.”
Commenting on Equiteq’s role in the transaction, Amancio Torres adds: “Equiteq has unfailingly supported us throughout the process, thanks to their experience and understanding of the specificity of the case. While the strategic rationale of the case was compelling, there were quite a few hurdles that had to be cleared, and Equiteq’s support was invaluable in this respect.”
Jean-Louis Michelet, Managing Director of Equiteq Asia-Pacific, commented: “Working on this project was a great experience for us, given its value creation potential and the strong entrepreneurial spirit of the two parties. We are proud and happy to have played our role in this successful move.”
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